The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-11
THE CHEAT B. & y. DEAL.
THOSE WHO KNOW WHEREOF
THEY SPEAK
Tell Conflicting Stories Concerning
the "scoop"-Meeting OF the
Richmond Terminal.

foe The foliG wiz statement: The plan
for consolidation Of The vsrious rail.
way interests grew out Of The eff irts OF
Jay Gould to induce Robert Garrett to
pool the business Of the Baltimore and
OHIO Telegraph Company with thst III
the Western Union Company. Mr.
Garrett absolutely refused 10 become
Q party TO such an arrangement, and
declared that he would always keep
his business interests under hi' own
control tbat the telegraph and rsil-
road interests were identical, and that
they should continue to be 80 as long
a. he controlled them, but at the same
time he minated that he YVES in
ciined TO free himself Of hi1 bus ness
cares by the absolute sale OF con-
trolling interest in he Baltimore and
Ohio road, which would carry
with IL the control OF the tele.
graph and express c1m oanies
With this hint as hssis, the
negotia ors returned to NV York
and formed a synd cate comp sd rs
follows: Oolvin & B ice, Alfred Sally,
Aus ia OoIbin, John g. Moore, Geo.
Samuel Thomis, II. O. F,hnsock,
Wiuslow, Linier 4 Co., and j. b. Pac
Aeon ract was then framed in winch
Mr.. Garrett sgreed TO transfer TO the
syndicate a controlling interest in the
Baltimore and OHIO railroad, within
thirty days, for $4,000 100, q for
feiture being deposited by M. Garrett.
The contract was shown TO Mr.. G luld
on Saturday,. 1t ia understood that
the Telegraph business ia to 10 TO the
WaaAapn TIT ., anI Nhu -
press business to the Adams Express
Company.
"NUN's" THE WORD.
BALTIMORE, March l0-A perfect
suiet pervades the Baltimore and Ohio
headqu ,rtels to-day aud but lew per.
sous have called, Mr. Carr, 1t says he
has nothing to say. There is a rumor
on the street that part at least OF the
hoidipg Of thesJ ohGs Hopkins Univer-
sity has been sold, but no one In
authority will confirm or deny 1t.
There was also q iumor that meet
ing Of railroad officials was to be held
this afternoon but the usual answer,
"Realy ! don't know" was all that
could be- obtained fiom the Baltimore
and Ohio people.
MEMBER OF THE AoR0AN-wKLsH SYN
DIoATR,
which lie engaged In recognising the
Reading Railroad Company, said today
that he knew that Mr.. Garrett had for
some tine been desirous OF turning
over his interest In the Baltimore and
Ohio whenever he could fad q pur-
chaser to conduct the company to the
od ~ . nj N nj haH ab I'D
eurity holders. II was also well known
here that negotiations looking 10 the
pu chase had been In progre 8, but Il
Is still doubted whether any thing more
has been obtained by Mr. Sully than q
verbal option to buy certain stock at q
certain figure. Receiver Ksim, of the |
Reading, said he knew Of The negota. |
lions but is not inf )rmed as TO the out |
come.
A aHNyLkMAN WHO KNOWS WHEREOF HE |
sPBAKs
said today that he was sure that Presi-
dent Corhtn bad REUSED thu BAlti- |
more aGd OHIO an entranca into New
York over the Reading racks, except
on The Same terms as the Pennsylva-
mia had offered, and that an agree
merit OF this sort had beeu entered
into wi b President Roberta. Ia visw |
Of thi5 he was Inclined tn believe that
Mr.. Corbin AID the Reading people
generally we're not In any way in er
ested Ia he present de i, but hat IL
merely involved ttelRichmond TIE =,
sEnal and it's system of roads in the
Sou,h. Mr.. snlly, he said. 1t was gu to
likely was willing that the impress on |
should q abroad that the Reading |
would be benefit d, because he Is |
known "a be- largely interss ei inthe
securities of the comp my"
WHAT A READING MAN SAYS.
PHEADRLPBIA, Pa, March l0-0ne |
OF the receivers oil tne Reading r III. |
roa1 said TODAY regarding the great
railroad deal, al have M doubt thas
President Garrett would like o dis
pose of Ebme Of his Baltim ora and |
Ohio stock az good round sum, hut |
you can rest assured that the Phia. |
delphia and Readiug Company Cannot |
b. used to pull the chest urs Gu; OF
the fire In any such combination as
has been reported. The president Of
the Baltimore and Olio has u der !
taken great task in his a tempt to |
get HIS r.ilroad line TO New York and |
has already losdet the company with |
agood deal of debt. H. can q I to |
New York, but not upon his own
terms-which means TO cut rates as he |
chooses"
RICHMOND TERMINAL MEETING.
NEW YosK, March 10 the ExaCu.
tiva Committee OF the Richmond Te,-
minsl Company has Just gone into
sei SION. They will consider So pro.
posi- ions relating to the purchase of |
the Baltimore and Ohio stock under
the option given by Robert Garrett TO |
Alfred SILLY. One Of the directors
just said that the proposition most
likely TO be adopted is that syndicate
shall lake the stock In their interests
ard hold il uutil the Richmond Ter.
minal full Board of ID tectors approve
OF tue acten Of the Elk cutive Com
m tee. 1t will then be pl'csd in
collateral trust and the Richmond TsI- |
n'nal will eli her consolidate the Bal |
timOIe aud Ohio with their Rystem or |
operate IL separately as q proprietary
road. The Baltimore aud Ohio track |
ir IN Wishing on 10 Bal im0re and |
Philadelphia will be used al trunk |
line the business Of its own West
cru lin6s and the other roads in the
Richmond Terminal system. The |
Pennsylvania railroad has no interest
In the deal nor has the Western u. |
ion. 1t is simply Richmond Tetmi.
nal arrangement am hiss no SINH artty |
10 The sale of Vandefbilt's holdings Of
NV Yofk Central to the London gym
diclte. The price and mode Of pay.
ment are about the same 70 hiss a. |
Ie8dY been publist ed. The purchase
OF the minority stock lie not beinS con.
sldar-d.
LGter.-The meeting Of the Rich.
mpnd Terminal Executive Commit ee
has adj 'urdod 10 meet at the call OF |
Mr.. Sally, bot all information is re-
fused as to their action. The members
in imste thst they ae Pledged to |
secrecy, aud NJ. B,ica 10 On, ted as
sOrg that tn premature publication